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20121108
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CNBC
Nov 14, 2012 3:00pm EST
this is a much longer term story. they have data. they have technology. they have reach. >> so how come the stock has lost so much of its value i understand the ipo then? >> the valuation was always an issue here. part of the lockup expiring reminds us of the valuation play. it's still $48 billion for a company with $5 billion in revenue. so the sale of the century, this most certainly isn't. part of what we're seeing is rotation out of the big three, out of amazon, apple, and google. some of the tech money is looking for a place. there's a decent number of people out there who like the upside to downside ratio in facebook. all that being said, mobile is important for them. we're yet to see them monetize outside. they have to do that to grow into any kind of valuation above of $26. we have another big problem in mobile here which is about 50% of the click throughs where they're making their money turn out to be errors. they're accidents based on big fingers on small surfaces. >> facebook is still one of the top if not the top water cooler stocks to talk about in 2012. we just proved it once again
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